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EXERCISES (GROUP B) E7-30B. Bank reconciliation adjustments (Learning Objective 1) 10-15 min. Calculate the answers for the missing data: BOOKS BANK S 990 Bal, Mar

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EXERCISES (GROUP B) E7-30B. Bank reconciliation adjustments (Learning Objective 1) 10-15 min. Calculate the answers for the missing data: BOOKS BANK S 990 Bal, Mar 31 Bal, Mar 31 Add: Deposit in transit Add 680 Bank collection (a) Interest revenue 420 100 Less: Outstanding checks Adjusted bank balance Less: (b) Service charge (40 $1,240 $1,240 Adjusted book balance

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